Introduction talk to Action Track on Economic Benefits of Open Data at International Open Data Conference 2015 on 29 May 2015

1. How Open Data becomes Economic Value
Andrew Stott
IODC Ottawa
29 May 2015 v0.1
@dirdigeng
andrew.stott@dirdigeng.com

2. The Size of the Potential Prize
2

3. Possible Benefits of Open Data
3
Date Study Total
(%GDP)
2013 McKinsey 4.1
2011 EC 1.5
2014 Lateral Economics 1.1
2013 Shakespeare 0.4
Normalised using IMF, World Bank and OECD data

4. European Commission/POPSIS/Deloitte
Open Data was reused 10x-100x
Value-added increased 5x-10x
New types of re-users, in particular SMEs.
Costs increase very little in relative terms
4

5. Why is Open Data beneficial?
5

6. New Data-Driven Services for customer choice
6
estate
agents/
realtors
Financial
services
builders and
other local
services

7. Optimisation of Operations
7

8. Data-driven decisions
8

9. Where does the benefit occur?
9
Personal Private Public
Better customer
decisions
40%
Better matching 3% 3% 1%
Better procurement 6%
Data-driven decisions 8% 3% 2%
Optimisation of
operations
19% 16%
Derived from McKinsey report

10. What are the Open Data
Businesses
10

11. Application Developers
11

12. 12
2004 2010
Online
publications
Pay per use Free of charge
Downloads 130,300 1,093,000
Premium
Accounts
36 69
Premium
analyses
78,000 EUR 152,000 EUR
Advisory services

13. Data-driven financial services
13

14. Aggregators
14

15. Which data is most valuable or
most widely valuable?
15

16. Geospatial Reference Data: Maps & Addresses
16

17. Transport Information
17

18. Census and other detailed statistics
18

19. Government Spending and Procurement
19

20. Weather Data

21. National Information Infrastructure
21

22. What makes data more valuable
to business?
22

23. What data qualities are important to business
Open – free of charge, free of restriction
But also ….
Data availability
Known degree of completeness and accuracy
Consistency – across areas and over time
Sufficiently up to date for use case
Known provenance
Sufficiently fine grained
Confidence in future supply and updates
23Based on work by Harvey Lewis, Deloitte

24. Thank you
24

25. 25